Latest Currency News Continued - page 3
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Latest Currency News Headlines
GBP to CAD Exchange Rate Hits 2-Month-Worst as Canadian Outlook Stronger since Job Market Report
13 Jan 2020 at 3 PM - Written by James Fuller
STORY LINK GBP to CAD Exchange Rate Hits 2-Month-Worst as Canadian Outlook Stronger since Job Market Report
The British Pound to Canadian Dollar (GBP/CAD) exchange rate plunged today, and was in fact one of the worst performing major Pound pairs due to lasting strength in the Canadian Dollar. While the Pound plummeted on fresh bets that the Bank of England (BoE) could cut UK monetary policy soon, the Canadian Dollar continued to benefit from last week’s stronger than expected Canadian job market data which softened Bank of Canada...
CATEGORIES: Pound Canadian Dollar Forecasts
Dollar to Euro Exchange Rate Forecast: USD/EUR Surges to January Best in Week of Impressive Gains
10 Jan 2020 at 12 PM - Written by Tim Boyer
STORY LINK Dollar to Euro Exchange Rate Forecast: USD/EUR Surges to January Best in Week of Impressive Gains
Despite continued signs of recovery in Eurozone data, the US Dollar to Euro (USD/EUR) exchange rate didn’t face much obstruction in the past week as it put in impressive gains. The US Dollar rebounded from days of market jitters amid hopes for US economic resilience, and as the US currency recovered investors felt that mixed strength Eurozone data was not enough to help the Euro to hold its ground.
While last week saw USD/EUR...
CATEGORIES: Pound Euro Forecasts
GBP to EUR Exchange Rate Stumbles from Near Weekly Highs on Bank of England Rate Cut Speculation
9 Jan 2020 at 11 AM - Written by Frank Davies
STORY LINK GBP to EUR Exchange Rate Stumbles from Near Weekly Highs on Bank of England Rate Cut Speculation
Despite yesterday’s cooler Pound movement, the British Pound to Euro (GBP/EUR) exchange rate continued to trend closely to its best levels until this morning, when a combination of stronger Eurozone data and lingering Brexit uncertainty knocked the pair slightly. The Brexit process is going smoothly this month, but uncertainty over how things will develop throughout 2020 is lingering in the background and keeping pressure on the...
CATEGORIES: Pound Euro Forecasts
GBP to ZAR Exchange Rate Struggles to Hold Gains as Risk Sentiment Returns
8 Jan 2020 at 3 PM - Written by Tim Boyer
STORY LINK GBP to ZAR Exchange Rate Struggles to Hold Gains as Risk Sentiment Returns
Despite UK data being generally supportive and South African data being weak, the British Pound to South African Rand (GBP/ZAR) exchange rate has fallen back from weekly highs today and is struggling to continue trending with an upside bias. The Pound is seeing mixed demand as uncertainty worsens over the Brexit transition period, while the South African Rand benefits from signs that market moods over US-Iran tensions are cooling...
CATEGORIES: Pound Rand Forecasts
Pound US Dollar (GBP/USD) Exchange Rate Slumps as US Deficit Hits 3-Year Low
7 Jan 2020 at 4 PM - Written by Frank Davies
STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Slumps as US Deficit Hits 3-Year Low
Narrowed US Trade Deficit Drags Pound Sterling US Dollar (GBP/USD) Exchange Rate Lower
A sharper-than-expected narrowing of the US trade deficit saw the Pound Sterling to US Dollar (GBP/USD) exchange rate slip on Tuesday.
While forecasts had pointed towards an improvement in US trade investors were still impressed to find that the deficit had shrunk to its lowest level since October 2016.
Although some of narrowing was...
CATEGORIES: Pound Dollar Forecasts
GBP to AUD Exchange Rate Continue to Rise as ‘Aussie’ Hit by Bushfire Crisis
7 Jan 2020 at 12 PM - Written by Ben Hughes
STORY LINK GBP to AUD Exchange Rate Continue to Rise as ‘Aussie’ Hit by Bushfire Crisis
The British Pound to Australian Dollar (GBP/AUD) exchange rate has already seen notable gains this week. Despite persisting Brexit uncertainty, the Pound has been able to capitalise on the Australian Dollar’s broad risk-off weakness. The Australian Dollar is being hit lower by a combination of domestic and global concerns, including fires raging across Australia and market panic amid rising US-Iran tensions.
CATEGORIES: Pound Australian Dollar Forecasts